Freeport: Cuts 09 Copper Sales Forecast By 9% To 3.9 Billion Lbs
January 26 2009 - 8:53AM
Dow Jones News
U.S. producer Freeport McMoRan Copper and Gold Inc. (FCX) is
taking further steps to cope with the deteriorating economic
backdrop and will reduce output further at its North American
operations, the company said Monday.
The reduction, which will reduce mining and crushed leach rates
by a further 25% at its Morenci copper mine in Arizona, will result
in a reduction in 2009 sales to 3.9 billion pounds.
-By Andrea Hotter, Dow Jones Newswires; +44 (0)20 7842 9413;
andrea.hotter@dowjones.com
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